Two customers purchased $500 of merchandise from the same store on account. The terms of both sales were 2/10, n/30. If the first customer paid in 8 days and the second customer paid in 12 days, 

What would be the difference in the merchandise company’s records on the date the customers paid in full?

The Sales Discount entry for the first customer would be $0, and the Sales Discount entry for the second customer would be $10.

The Accounts Receivable entry for the first customer would be $490, and the Accounts Receivable entry for the second customer would be $500.

The Cash entry for the first customer would be $490, and the Cash entry for the second customer would be $500.

The Sales Revenue entry for the first customer would be $500, and the Sales Revenue entry for the second customer would be $490.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct ... View the full answer